Wix.com, which helps small businesses build and run websites, beat fourth-quarter net profit expectations on Wednesday and said its artificial intelligence and Studio products for designing websites will help it reach revenue of $2 billion in 2025. The Israeli company’s earnings were $1.93 per diluted share, excluding one-time items, up from $1.22 per share a…
Japan’s Resonac Holdings is looking to make deals after reducing its borrowing and wants to be involved when a state-backed fund exits from peer JSR, the CEO of the chip materials maker said on Wednesday. “We will go on the offensive from this year,” Hidehito Takahashi told Reuters in an interview. Resonac was formed by…
Hong Kong is expanding the ways investors can trade virtual assets, its financial regulator said on Wednesday, as the city races to become Asia’s digital assets hub and attract capital. The Securities and Futures Commission will establish new licensing regimes for over-the-counter trading in virtual assets and for custody services, aiming to boost market efficiency…
Airbnb is suing the City of New Orleans for requiring the company and other short-term rental platforms ensure properties they market are in compliance with city regulations Airbnb is suing the City of New Orleans for requiring the company and short-term rental platforms ensure properties they market are in compliance with city laws. “What we’re…
Singapore Telecommunications (Singtel) issued a positive annual earnings outlook and posted a nearly threefold increase in third-quarter earnings on Wednesday, driven by an exceptional gain, propelling its shares to near six-year highs. Shares in Singtel climbed 1.2% to S$3.4 and were on track for their strongest trading session since January 31, provided the gains hold….
Spotify is considering charging up to $5.99 a month on top of existing subscriptions for a new music streaming service that will include higher-quality audio, remixing tools and access to concert tickets, Bloomberg News reported on Friday. The company might roll out the “Music Pro” tier this year, the report said, citing sources it did…
Chinese tech giant Huawei has held a global launch for the industry’s first tri-foldable phone Huawei on Tuesday held a global launch for the industry’s first tri-foldable phone, which analysts said marked a symbolic victory for the Chinese tech giant amid U.S. technology curbs. But challenges over pricing, longevity, supply and app constraints may limit…
Introduction So, you’re probably wondering: what’s the deal with new technology implementation in US businesses? Well, in today’s fast-paced world, businesses are not just sitting back and relaxing. They’re diving headfirst into new technologies to stay competitive. But what exactly does new technology implementation mean? It’s simply the process of integrating new tools and systems…
The company is the No. 1 auto producer in the U.S., with the most vehicles domestically assembled as well as exported to other countries. President Donald Trump’s tariffs, both implemented and just threatened, are causing “chaos” for the U.S. automotive industry, according to Ford Motor CEO Jim Farley. The chief executive of America’s second-largest automaker described 25% tariffs on…
BYD has not announced plans to sell the Shark in the U.S., but it has entered countries where General Motors, Ford and Toyota Motor sell pickup trucks. There’s a Shark circling one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck. Without the vehicle’s branding…
